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All Forum Posts by: Greg M.

Greg M. has started 4 posts and replied 2142 times.

Post: Tenant's Demanding I Pay for Renovations They Did Without Permission

Greg M.Posted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 2,175
  • Votes 5,084

File for eviction for violating the lease with alterations and at the same time sue to recoup the cost of returning the unit to pre-altered condition.  That should shut them up. 

Post: I can't find renters for my townhouse in Atlanta, GA

Greg M.Posted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 2,175
  • Votes 5,084

Posting a link to the property will help as we can give an honest review of the listing. Far too many times the listing sucks, fails to highlight the positives, and they shine light on the negatives. 

Without actual numbers, no one here can say whether it is better to sell or keep the property. Your mortgage is $1895/month. What is the principal reduction every month? What is the appreciation in your area. 

7 months and 3 inquiries is crazy. You should get more by people accidentally clicking the inquiry link than 3 in 7 months. 

Post: Homeowner’s insurance claim covered yet tenant’s insurance didn’t cover temp housing

Greg M.Posted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 2,175
  • Votes 5,084

Nope, you should have at least a year and probably longer to file a claim. Just contact the agent or claims rep and let them know that there is one outstanding expense. Provide the receipt and let them know you were liable for it.

Post: Homeowner’s insurance claim covered yet tenant’s insurance didn’t cover temp housing

Greg M.Posted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 2,175
  • Votes 5,084

I've worked in insurance for 20+ years. It's not necessarily what happened, but how it is presented to the insurance company.

You don't ask your insurance to cover their moving expenses. Ask that these expenses be covered under your liability coverage, as the leak was not caused by your renters, but it  did necessitate the moving of items to prevent further damage. In fact, you NOT having those items moved and allowing them to be damaged would have been against the terms of your policy. The moving of them mitigated damages. That should be covered by insurance. 

Post: Homeowner’s insurance claim covered yet tenant’s insurance didn’t cover temp housing

Greg M.Posted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 2,175
  • Votes 5,084

State and local laws will apply. Generally you would not have liability since there was no negligence on your part. You didn't know of the leak and had no reasonable suspicion that there was a leak. This is one of those "no one is to blame" things that happen in life.

My guess is that their insurance company is missing some facts. This wasn't an issue that went uncorrected and caused a problem. This was an issue that was undetectable and unforeseeable to the average person and it caused damage. They need to appeal the decision with clearer facts. 

Their losses appear limited to the moving expenses. Their temp housing was already covered by you not charging rent. If they spent more, that's on them. 

Assuming their insurance company refuses to pay, you can try submitting their expenses to your insurance company and see if they will pay. If it's not too much and they are good tenants, you can offer to split the expenses with them as a gesture of good will. 

Post: Landlord’s Realtor Letting Prospects Enter My Home Unsupervised—Is This Legal?

Greg M.Posted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 2,175
  • Votes 5,084

Sounds like the agent is an *******. Legally they are probably allowed to show whenever they want with proper notice. Legally you are allowed to make the place the most unlikely to rent. This can be communicated to the agent so that you can have a "meeting of the minds" regarding showings. 

Nothing says that Napalm Death can't be blasting during the tour. Nothing says you can't follow the prospective renter around with a camera repeatedly telling them they're on film and you'll know if they steal anything. It's 45* out? Sounds like blasting AC time to me. Dirty clothes all over the place. Sex toys on the countertops. Incessantly asking the prospect to invest in your multi-level marketing scheme. Unflushed toilets. Walking around in your spouse's underwear and referring to the prospect/agent as Dirty Boy/Girl. All perfectly legal. 

Post: Building "lease fee"

Greg M.Posted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 2,175
  • Votes 5,084

Sure you can challenge it. The outcome will depend on the CCRs, local laws, and the willingness of the HOA to fight it.

The reality is that for $500 a year, it's probably not worth you having a lawyer look into it unless you can get other landlords together on it. If you can get 10 or 20 landlords to kick in $100, you can have a lawyer review the docs and laws and regardless of the review, send a letter threatening legal action. 

Post: Struggling with my "No Pet" Policy

Greg M.Posted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 2,175
  • Votes 5,084
Quote from @Fareen E.:What’s the creepy shower you’re taking about? 

Post: Struggling with my "No Pet" Policy

Greg M.Posted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 2,175
  • Votes 5,084

OMG, 3 full days during a work week without it renting? Cut your losses and let it go to foreclosure!!

Looking at other listings, it appears that it is priced well, a little lower than other comparable homes. However, it is a little higher than 3/2 homes which might be more desirable for that area. I'd hold firm on the price.

Based on the other listings that show 20-30 days on the market, I suspect that this is an area that just takes a little time to rent. 

The listing itself is OK. I do feel like you're trying to sell me something with all the refreshes and updates and modern whatnot. I'd tone it down and just say it is updated. The pics will do a lot of the talking for you.

That shower is creepy. 

Over half of all households have a pet. Saying no to pets is saying no to over 50% of the potential renters. It's foolish. Even more so when that pet becomes an ESA. 

Your listing needs to talk up the excellent schools more. That is the selling point of this place. Unfortunately for you, school has already started, so you missed out on a lot of potential renters. 

Post: Somalia Mogadishu landowner at 23

Greg M.Posted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 2,175
  • Votes 5,084

Sounds like a great opportunity, but unfortunately I just invested all my money helping a Nigerian Prince get himself and his royal inheritance out of his country. Any day now my cut is coming and I can retire. Hey, no risk, no reward!

If you're for real, I wish you the best. It's wonderful to see someone so young take the initiative and the risks to build something for themselves. I'd love to see some pictures of the area. 

While there clearly is the possibility to make money in Somalia, given the things like coups, islamic terrorists, political instability, rampant crime, and lack of personal safety, the risks seem to far outweigh the rewards.